Annual Report 2021
The Trinidad and Tobago Chamber of Industry and Commerce Annual Report 2021
The Trinidad and Tobago Chamber of Industry and Commerce Annual Report 2021
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
TRANSFORMING TOMORROW...!<br />
Notes to the Financial Statements<br />
For the year ended 31 December, <strong>2021</strong><br />
(Expressed in Trinidad and Tobago dollars)<br />
5. Property, plant and equipment<br />
Building Elevator Leasehold<br />
land<br />
Office<br />
furniture<br />
fittings and<br />
equipment<br />
Costs $ $ $ $ $<br />
At 1 January, 2020 4,931,700 542,647 2,404,090 4,516,532 12,394,969<br />
Additions 111,504 - - 261,912 373,416<br />
Disposals - - - (480,758) (480,758)<br />
At 31 December, 2020 5,043,204 542,647 2,404,090 4,297,686 12,287,627<br />
Additions - - - 16,121 16,121<br />
Disposals - - - (851) (851)<br />
At 31 December, <strong>2021</strong> 5,043,204 542,647 2,404,090 4,312,956 12,302,897<br />
Total<br />
Accumulated<br />
depreciation<br />
At 1 January, 2020 2,464,141 536,003 752,745 3,940,005 7,692,894<br />
Charge for the year 99,192 1,661 28,965 148,697 278,515<br />
Disposals - - - (369,262) (369,262)<br />
At 31 December, 2020 2,563,333 537,664 781,710 3,719,440 7,602,147<br />
Charge for the year 100,853 1,661 28,963 156,708 288,185<br />
Disposals - - - (776) (776)<br />
At 31 December, <strong>2021</strong> 2,664,186 539,325 810,673 3,875,372 7,889,556<br />
Net book amount<br />
At 31 December, 2020 2,479,871 4,983 1,622,380 578,246 4,685,480<br />
At 31 December, <strong>2021</strong> 2,379,018 3,322 1,593,417 437,584 4,413,341<br />
6. Taxation refundable<br />
<strong>2021</strong> 2020<br />
$ $<br />
Business levy - 13,245<br />
Green fund levy - 6,673<br />
- 19,918<br />
Financial Statements<br />
41
Change language